As a tribute to the ideals espoused by Gandhi, the Government of India launched the International Gandhi Peace Prize in 1995 on the occasion of the 125th birth anniversary of Mohandas Gandhi. This is an annual award given to individuals and institutions for their contributions towards social, economic and political transformation through non-violence and other Gandhian methods. The award carries ₹ 1 Crore (10 million) in cash, convertible in any currency in the world, a plaque and a citation. It is open to all persons regardless of nationality, race, creed or sex.

Ordinarily, only proposals coming from competent persons invited to nominate are considered. However, a proposal is not taken as invalid for consideration by the jury merely on the ground of not having emanated from competent persons. If, however, it is considered that none of the proposals merit recognition, the jury is free to withhold the award for that year. Only achievements within 10 years immediately preceding the nomination are considered for the award; an older work may, however, be considered if its significance has not become apparent until recently. A written work, to be eligible for consideration, should have been published.[1]